China Airlines Ltd (CAL, 中華航空) and EVA Airways Corp (長榮航空) on Monday reported record revenue for last month on the back of higher ticket prices and rising demand for air travel.
CAL’s revenue rose 42.13 percent year-on-year to NT$17.54 billion (US$560.03 million) last month, which was also 21.22 percent higher than the previous month.
CAL said the record revenue last month came as its passenger revenue totaled NT$12.25 billion, also the highest in a single month and eight times higher than a year earlier, as more tourists flew overseas during the four-day Dragon Boat Festival holiday.
Photo: Tony Yao, Taipei Times
By region, the airline reported rapid growth in demand for flights to northeast Asia and Oceania last month.
CAL said it has an upbeat outlook for the summer, as booking across all regions for this month and next month has surpassed 80 percent.
The airline would particularly focus on direct flights from Taiwan to North America and Europe, as these routes have a higher margin, it said.
CAL’s cargo revenue last month fell 58 percent year-on-year to NT$4.28 billion, as a global economic slowdown curbed demand for air shipping.
Cargo demand would likely stabilize in the second half of this year if inventory woes facing businesses end soon, it added.
In the second quarter, revenue rose 28.05 percent from a year earlier to NT$47.18 billion, 10.54 percent higher than the previous quarter, it said.
Cumulative revenue in the first half of the year was NT$89.88 billion, up 21.33 percent annually and the highest for the period, company data showed.
EVA Airways’ revenue last month surged 59.38 percent year-on-year and 11.89 percent month-on-month to NT$17.64 billion, the best monthly performance in the company’s history.
The airline attributed the results to robust passenger revenue, which surged 9.85-fold from a year earlier to NT$12.7 billion, or 16.94 percent higher than a month earlier.
The average load factors for Taiwan-to-US and Taiwan-to-Europe flights were above 90 percent last month, while flights between Taiwan and destinations in Southeast Asia, Hong Kong and Macau were above 80 percent, which were the main reasons for its robust growth in passenger revenue in the month, EVA said.
The airline’s second-quarter revenue came in at NT$48.61 billion, up 45.84 percent annually and 9.42 percent sequentially, hitting the highest level on a quarterly level, while its cumulative revenue in the first six months was NT$93.04 billion, up 46.69 percent from a year earlier, company data showed.
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
Hon Hai Precision Industry Co (鴻海精密) yesterday said it would work with US chipmaker Intel Corp to jointly develop and deploy next-generation artificial intelligence (AI) infrastructure and intelligent computing platforms in a move to capture booming demand for AI computing systems. Hon Hai, also known as Foxconn Technology Group (富士康), said in a statement that the partnership would combine its global manufacturing scale, system integration expertise and AI data center deployment capabilities with Intel’s strengths in processor architecture, silicon technologies and software ecosystem. The companies said they plan to work on equipment used in AI data centers, including server racks powered by
Artificial intelligence (AI) agents would supplant smartphones as the center of people’s digital lives, fundamentally reshaping personal devices and driving a major computing upgrade cycle, Qualcomm Inc CEO Cristiano Amon said yesterday. In his keynote speech for this year’s Computex trade show in Taipei, Amon said that the rise of "agentic AI" — AI systems capable of reasoning, planning and carrying out tasks autonomously — would transform how people interact with technology across phones, PCs, vehicles and wearable devices. Describing the technology as the next major evolution in computing, Amon said that "2026 is the year of agents.” For decades, smartphones have sat
RSS